Black Student Unions at all nine undergraduate University of California campuses have passed a resolution demanding the university divest from private prisons — and to ban such investments in the future, a coalition of black students announced Thursday.

“If we truly believe that #BlackLivesMatter from the hood to the academy, we must stand with our brothers, sisters, uncles, aunts, cousins and extended family members who are currently incarcerated or are at a higher risk of incarceration because of their very Blackness,” said the news release from the Afrikan Black Coalition, which was founded in 2003 in response to the low admission and retention rates of black students in the research university system.

A UC spokeswoman confirmed earlier this month that the university system has $23 million indirectly invested in private prisons, and that its chief investment officer, Jagdeep Baccher, had met with concerned students.

The students have also called on the regents to divest from Wells Fargo for as long as it does business with the private prison industry — and to reinvest the money into education or into companies owned or controlled by former prisoners.